The National Healthcare Security Administration (NHSA) has elevated the commercial medical insurance under the 15th Five-Year Plan covering the years 2026-2030, positioning commercial insurers as increasingly important participants in the country's multi-level medical security system.
China has taken a rare move to shore up its five state-owned insurance groups. It's pumping a total of $10.4bn (CNY70bn) of capital into these groups to fortify the sector.
Six Chinese government bodies, led by the Ministry of Agriculture and Rural Affairs, jointly issued an implementation plan on 7 September aimed at supporting insurance companies in enriching their product portfolios.
At the 30th Insurance Management Development Programme (IMDP), held at the Thai General Insurance Association, Office of Insurance Commission (OIC) Secretary-General Chuchat Pramoonpol delivered a special lecture, titled 'The Direction of Regulation and Promotion of the Thai Non-Life Insurance Business'.
Willis, a WTW business, has appointed Mr Trevor Madden as Head of Captive and Insurance Management Solutions for APAC, effective 1 November 2026.
The Thai government has approved a THB15.5bn ($467m) annual programme, to provide government-funded disaster insurance to around 30m households in high-risk areas against floods, storms and earthquakes under a new scheme.
The government has injected additional funds into state owned insurers and banks to ease solvency pressures and fulfill regulatory demands.
New Zealand's Financial Markets Authority (FMA) Chair Mr James Miller has advised that Chief Executive Ms Samantha Barrass, has confirmed to the board her earlier decision that she does not seek a renewal of her term when it expires in January 2027.
The Board of Directors of the Financial Regulatory Authority (FRA) has issued a decision to abolish the requirement that obligates insurance and reinsurance brokerage firms to open at least two branches within three years of launching operations as a licensing prerequisite.
China has set in motion an exercise to overhaul the country's insurance law and also strengthen the insurance regulations. The National Financial Regulatory Administration (NFRA) released a draft revision of the country's Insurance Law for public consultation on 4 September 2026.